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10622 Tibbs Circle Garden Grove, CA 92840
$5,250,000 0 beds, 0 baths
0 sqft
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Agent Remarks

Turnkey 17-Unit Apartment Investment in Prime Garden Grove Welcome to 10622 Tibbs Circle, a rare opportunity to acquire a well-maintained 16 + 1 unit apartment complex located in a quiet cul-de-sac in the heart of Garden Grove. This property has been thoughtfully cared for by long-term ownership, with an average of over $30,000 spent annually on capital improvements over the past 5+ years. Major upgrades include a full copper repipe of the entire building and a complete roof replacement completed in 2012—providing peace of mind and reducing future maintenance costs for the next investor. The apartment offers a desirable mix of one-bedroom and two-bedroom units, many of which have been updated. Residents enjoy the convenience of ample on-site parking, shared laundry facilities, and a spacious central courtyard that fosters a sense of community. Current rents remain below market, presenting a significant value-add opportunity for the next owner through rent increases or further interior renovations. Ideally situated near Little Saigon, top-rated schools, shopping centers, and major freeways including the 22, 5, and 405, the location ensures high tenant demand and long-term rental stability. With its strong in-place income, solid physical condition, and potential for growth, 10622 Tibbs Circle is an ideal fit for investors seeking a stabilized asset with upside in one of Orange County’s most sought-after rental markets.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# OC25112645
List price is $5,250,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1960
2 stories
0.45 acres
Lot size: 0.4500
County: Orange
Interior features: Quartz Counters
Appliances: Gas Range,Gas Water Heater,Range Hood,Water Heater
Parking description: Assigned,Door-Multi,Garage,Garage Faces Rear
Lot description: Sprinklers In Front,Sprinkler System
Heating/cooling: Ductless
Heating description: Ductless
MLS area: 62 - Garden Grove N of Chapman, W of Euclid

Last Updated: 5/21/2025

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This listing belongs to the 62 - Garden Grove N of Chapman, W of Euclid MLS area

Lat/Long: 33.801878, -117.947918.
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Listing Agent: Long Nguyen
Co Listing Agent: Hang-Ny Nguyen
Lic#: 01276603
Office Name: Tustin

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Nearby Schools

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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